Category Archives: MN Gordon
Money Velocity Lethargy
Logic, common sense, and rational deduction are useful means for comprehending the world. But they are merely tools. The user will always be limited by the quality and quantity of the information available and their ability to properly interpret it. … Continue reading
Joe Sixpack’s Painful Plight
This week brought forward new evidence that the economy’s slipping and sliding backwards. On Tuesday, for example, the Institute for Supply Management reported a 48.6 Purchasing Manager’s Index reading for November. A PMI reading below 50 means manufacturing activity is … Continue reading
Significant Yuan Devaluation Imminent
The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated. Apparently, private inventory investment was greater than initially estimated. Nonetheless, … Continue reading
Salting the Economy to Death
One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more … Continue reading
